ECNEC okays nine projects involving Tk 75.39b The Executive Committee of the National Economic Council (ECNEC) approved on Sunday nine projects with the total estimated cost of Tk 75.39 billion, including a Tk 25.11 billion project to expand the scope for science education in some 200 government colleges across the country, reports UNB. The approval […]
Source tax on export proceeds to be lowered again to 0.70pc: Tofail Commerce minister Tofail Ahmed speaks at an institutional dialogue on the sustainable development goals organised by Federation of Bangladesh Chambers of Commerce and Industry with the SDG wing of the Prime Minister’s Office at the Westin Hotel in Dhaka on Sunday. Principal coordinator […]
Govt to take $270m hard loan for Biman Staff Correspondent The government is taking hard term loan worth $270 million from HSBC for buying to more aircrafts from Boeing. The interest rate of the loan would be 7.2 per cent while repayment period is 12 years, said finance minister AMA Muhith at a briefing on […]
Alternative dispute resolution can help reduce bad loans Star Business Desk Alternative dispute resolution (ADR) should be used to curb the spiralling bad loans, which pose a serious challenge for the banking sector as well as the economy, analysts said yesterday. “To reduce the number of cases in the banking industry and bring down the […]
No more extension for Accord, Alliance Says state minister for labour Star Business Report The Remediation Coordination Cell (RCC) is capable of running the inspection and monitoring of workplace safety in the garment sector The government will not extend the tenure of Accord and Alliance as the Remediation Coordination Cell (RCC) is capable of running […]
Farmers can apply for loans online AKM Zamir Uddin Farmers will be able to get farm loans by filling in an online application through the Union Information and Service Centre, as part of the government’s Digital Bangladesh agenda. The digital credit programme for farmers will be launched tomorrow at the Bangladesh Bank headquarters in the […]
Foreigners can’t own over 49pc in joint ventures Star Business Report The government yesterday approved the long-awaited National Digital Commerce Policy, which does not allow foreign investors to hold a stake of over 49 percent in any e-commerce venture in Bangladesh. The policy also mandated that the e-commerce entities clearly highlight the details of the […]
More investment needed in agri-research: minister Star Business Report Bangladesh has to invest heavily on agricultural research for climate change adaptation as the country is extremely vulnerable to the warming of the world’s weather, said Environment, Forest and Climate Change Minister Anisul Islam Mahmud yesterday. “In agriculture we have to think about the changing pattern […]
Roadshows to draw foreign funds in hi-tech parks Star Business Report Bangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis. The decision was taken yesterday at a meeting of the parliamentary standing committee on the ministry of posts, telecommunication and […]
Light engineering shows signs of strength Jagaran Chakma The country’s light engineering sector is gradually emerging as an important source of machinery for many of the $30 billion export earning apparel-markers on the back of better quality and lower price. Operators make machineries for washing, dyeing and finishing in the textile industry as well as […]